Central Asia: Cutting Blade Market 2024

Cutting Blade Market Size in Central Asia

The Central Asian cutting blade market rose modestly to $X in 2021, picking up by 3.4% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.4% against 2014 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Cutting Blade Production in Central Asia

In value terms, cutting blade production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 54%. The level of production peaked at $X in 2020, and then dropped in the following year.

Cutting Blade Exports

Exports in Central Asia

In 2021, cutting blade exports in Central Asia soared to X tons, increasing by 222% compared with 2020 figures. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade exports skyrocketed to $X in 2021. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Kazakhstan (X tons) was the major exporter of knives and cutting blades (for machines or for mechanical appliances), constituting 74% of total exports. It was distantly followed by Uzbekistan (X tons), comprising a 24% share of total exports.

Kazakhstan was also the fastest-growing in terms of the knives and cutting blades (for machines or for mechanical appliances) exports, with a CAGR of +54.4% from 2012 to 2021. At the same time, Uzbekistan (+25.3%) displayed positive paces of growth. Kazakhstan (+58 p.p.) and Uzbekistan (+24 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Uzbekistan, with a CAGR of +315.3%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, jumping by 30% against the previous year. Over the period under review, the export price posted a prominent expansion. The growth pace was the most rapid in 2018 an increase of 97% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+231.5%).

Cutting Blade Imports

Imports in Central Asia

After two years of decline, purchases abroad of knives and cutting blades (for machines or for mechanical appliances) increased by 44% to X tons in 2021. In general, imports, however, saw a slight downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cutting blade imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan prevails in imports structure, reaching X tons, which was approx. 77% of total imports in 2021. Kyrgyzstan (X tons) ranks second in terms of the total imports with a 7.9% share, followed by Uzbekistan (4.6%) and Turkmenistan (4.5%). The following importers - Mongolia (X tons) and Tajikistan (X tons) - each reached a 6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cutting blade imports into Kazakhstan stood at -3.4%. At the same time, Kyrgyzstan (+23.4%), Tajikistan (+23.0%), Mongolia (+14.0%) and Turkmenistan (+5.3%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +23.4% from 2012-2021. By contrast, Uzbekistan (-23.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kyrgyzstan, Uzbekistan, Tajikistan, Mongolia and Turkmenistan increased by +6.8, +4.6, +2.5, +2.3 and +2 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in Central Asia, comprising 66% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 19% share of total imports. It was followed by Turkmenistan, with a 6.2% share.

In Kazakhstan, cutting blade imports decreased by an average annual rate of -1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+9.1% per year) and Turkmenistan (+6.5% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, with an increase of 3.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2017 an increase of 35% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+42.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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